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of the united states created. andrew jackson basically ended its charter. there's a long history of mistrust in parts of the united states about the central bank and what it is back in the jefferson and hamill 10 days. a lot of the farm state bankers didn't trust the first bank of the united states was kind of acting in the entries. the federal reserve was created years ago and it's got unusual structure, kind of an outgrowth of this history of mistrust through central banking. as the federal reserve board in washington make up of seven governors and a chairman, ben bernanke. and 12 regional fed bank and they're they're all part of this federal reserve system. at the regional fed banks, every bank, every charter bank of the united states has to pain capital in return for the jay david and. but these are not things the way we think of commercial banks. the federal reserve bank of new york is not like citigroup out there trying to earn profits are returned to shareholders. the job is to manage the money supply can be a lender of last resort, which is what the federal reserve did supply can be
Search Results 0 to 0 of about 1